The benchmark KOSPI rose 0.38% to around 3,187 on Monday, recouping losses from the previous session and reaching multi-year highs, driven by gains in auto and financial firms. Market sentiment showed a modest recovery despite President Trump’s announcement of 30% tariffs on imports from the European Union and Mexico, set to take effect on August?1. On the domestic front, investor confidence was further supported by the completion of President Lee Jae-myung’s cabinet appointments, reinforcing expectations for policy clarity and increased fiscal support under the new administration. Leading gains among major stocks were Hyundai Motor (2.16%), SK Hynix (1.78%), KB Financial Group (0.85%), and Kia Corporation (0.10%).